India Supreme Court Upholds Order Quashing Yes Bank AT-1 Write-Off
The Supreme Court upheld the Bombay High Court’s 2023 judgment quashing Yes Bank’s March 14, 2020 decision to write down ₹8,415 crore of Basel III-compliant AT-1 bonds.
The Supreme Court on Thursday upheld the Bombay High Court’s 2023 judgment quashing Yes Bank’s March 14, 2020 decision to write down Basel III-compliant Additional Tier-I (AT-1) bonds worth ₹8,415 crore, dealing a major setback to the private lender and potentially opening the door to significant p…